Nvidia(US:NVDA) 3 6 Ke·2025-06-27 03:40Core Viewpoint - Nvidia's stock price has reached new highs, driven by optimistic forecasts regarding AI and robotics as key growth engines for the company [1][4]. Group 1: Stock Performance - Nvidia's stock surged 4.33% to $154.31 per share on June 26, 2023, surpassing its previous high of $153.11 set on January 7, 2023, and achieving a market capitalization of $3.77 trillion [1]. - On June 27, Nvidia's stock continued to rise, reaching a closing price of $155.02 per share, with a total market capitalization of $3.78 trillion, leading Microsoft by approximately $80 billion [1]. - Nvidia's market capitalization first exceeded that of Microsoft and Apple in June 2024, and it reclaimed the top position in early January 2023 with a market cap of $3.45 trillion [1]. Group 2: Valuation Metrics - As of June 27, Nvidia's TTM price-to-earnings (P/E) ratio stood at 49.27, significantly higher than Tencent (22.22), Alibaba (15.44), China Mobile (17.56), and Kweichow Moutai (20.04) [2]. - Compared to other major U.S. tech companies, Nvidia's valuation is also higher than Apple (30.86), Microsoft (38.26), Amazon (34.95), Google (18.97), and Meta (27.4) [2]. Group 3: Earnings Forecast - According to Wind's consensus earnings forecast, Nvidia's valuation is projected to be 34.78 times earnings for the fiscal year 2026 and 26.82 times for fiscal year 2027 [3]. - Nvidia's net profit for fiscal year 2026 is expected to grow by 48.56% to $108.3 billion, with further growth of 29.66% to $140.4 billion in fiscal year 2027 [3]. Group 4: Business Performance - Nvidia reported a revenue of $44.1 billion for Q1 of fiscal year 2026, a 69% year-over-year increase, driven by strong demand for AI [4]. - The data center revenue reached $39.11 billion, up 72% year-over-year, and accounted for 88.77% of total revenue [4]. - Despite a significant inventory write-down of $4.5 billion due to export controls on H20 chips, Nvidia's net profit for the quarter was $18.78 billion, reflecting a 26.17% increase [4]. Group 5: Future Growth Prospects - CEO Jensen Huang highlighted robotics as the next trillion-dollar market after AI, with applications in autonomous vehicles and humanoid robots [5][6]. - The robotics segment currently represents a small portion of Nvidia's revenue, with Q1 sales of $567 million, accounting for only 1% of total sales, but showing a 72% year-over-year growth [6]. - Huang acknowledged challenges in cost control and human-robot interaction but expressed optimism about reducing deployment barriers through optimized algorithms and hardware collaboration [6]. Group 6: Market Developments - Recent advancements in fully autonomous driving technology include Tesla's launch of Robotaxi in Austin, Texas, with plans to expand significantly [7]. - Domestic companies like Baidu and Pony.ai are also making strides in autonomous driving, with significant service volume growth and plans for large-scale commercialization [7]. - Investment firm ARK predicts that by 2030, there will be 50 million Robotaxis globally [7]. Group 7: Analyst Ratings - Several Wall Street firms have raised Nvidia's target price, with Barclays setting it at $200 per share, suggesting a potential market cap of $4.9 trillion, indicating a 38% upside [8]. - Loop Capital increased its target price from $175 to $250 per share, forecasting that Nvidia's market cap could eventually reach $6 trillion, representing a 65% increase from current levels [8]. - Despite the stock's rise, CEO Jensen Huang has been selling shares, recently offloading 54,300 shares valued at approximately $8.45 million [8].